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Business Finance Tech

Fidelity Investments Slashing Valuations on Reddit, Stripe, Bytedance and Instacart

It seems like private market valuations for startups are getting slashed because of overall economic outlooks. In the past few months we have seen heavy declines in the public markets and now the private markets are following behind.

Fidelity Investments is cutting some of its portfolio company valuations.

  • Reddit valuation is down by more than a third.
  • Stripe valuation is down by about 13%
  • Bytedance valuation is down by 13%
  • Instacart is valued at half of its value from last year.

These are only private valuations inside of Fidelity and this was back in April – so its expected that these valuations have dropped even more since then.

It’s a tough time economically for everyone!

Categories
News

Johnny Depp Wins Defamation Case Against Amber Heard

It seems like the entire world has been gripped with the Johnny Depp vs Amber Heard trial – and it finally came to a conclusion a few hours ago.

  • The jury has awarded Depp $10m (£8m) in compensatory damages and $5m in punitive damages
  • The jury found that Heard’s statements about her marriage were “false” and she acted with “actual malice”
  • But jurors also found that Depp defamed Heard – through his attorney – and awarded her $2m

This trial seems to have been a circus from start to finish and Johnny Depp has cleared his name, but apart from that there are very limited winners in this matter.

It made good TV for some!

Categories
Tech

Apple Tap to Pay is Going to Help Small Businesses Accept Card Payments Immediately – No Hardware or Contracts Required!

Apple announced back in February that they were going to launch Tap to Pay.

Tap to Pay is a new feature that will enable any merchant to accept payments with only an iPhone – this could obviously really hurt companies that take a cut in the middle like Square or Stripe.

This is going to be an amazing feature for small businesses – who wont need any new hardware or contracts. Just an Apple phone and a dream!

Now, it turns out that Apple is already testing the feature at its own Apple Park visitor center in Cupertino.

Categories
Business Video

Why Dont More People Invest Like Warren Buffett?

This pretty much sums up his whole approach in about a 1 minute video.

Categories
Tech

ClubHouse Offering Music Audio Listening Without Any Music Licensing

ClubHouse has been a popular audio app for some time now, but it seems like they now have audio listening rooms (Pandora style).

It seems like ClubHouse has forgot one huge downside to this and that’s the fact that they don’t actually have any music licensing to be able to offer such a service.

I wonder whether this is part of the ClubHouse strategy or whether this has just become something that is happening inside their app without their control …. I’m not too sure. However, it won’t take very long for music PRO societies to notice this and come calling for an appropriate license.

Categories
Cryptocurrency Tech

How Much Does it Cost to Create an NFT on Opensea?

Opensea charge between $70 and $100 dollars when you setup your account and you want to start selling on the Euthereum blockchain. However, you can now choose to mint NFTs on the Polygon blockchain and there is no setup fee and it can be done completely for free.

Take a look here at Opensea.

Categories
Cryptocurrency Gaming

Fractal Raises $35 million for Blockchain Gaming Assets – Justin Kan is back!

Moving assets from game to game is going to be a game changer. However, it really requires the game companies and studios to work together – which they haven’t exactly done well in the past.

Fractal is a very interesting company that can hopefully bring more companies together. I could see this working very well on Steam or by a very large company like Activision Blizzard.

https://www.cnbc.com/video/2022/04/04/blockchain-assets-are-a-new-business-model-for-gaming-says-justin-kan.html

Categories
Sports Tennis

Kokkinakis and Kyrgios – Bring the Fun and the Fans to the Doubles Courts!

It is great to see Kokkinakis and Kyrgios playing more and more doubles events on the tour. They bring the fun to the doubles court – when then in turn brings a lot more spectators compared to numbers they would normally get on the outside courts for a first round doubles match.

I hope this continues and drives more singles players onto the doubles court.

Categories
Business Cryptocurrency Tech

Coinbase Very Close to Acquiring Brazils Largest Crypto Exchange – Mercado Bitcoin

Report came out today that Coinbase (COIN) is currently in talks to acquire 2TMM, owner of Mercado Bitcoin, Brazil’s largest crypto exchange.

Mercado Bitcoin has reached 3.2 million customers in 2021, of which 1.1 million were added last year, with a trading volume of $7.1 billion in 2021.

Why it matters:

This gives Coinbase a very strong position in a market in which they have been struggling to gain traction. Brazil and South America overall is going to be a very important market in future for cyptocurrencies.

Categories
Business Cryptocurrency

Katie Haun – Launches Haun Ventures with $1.5 billion in Capital to Invest in Crypto Startups

Katie Haun (who was previously at a16z as the head of their crypto investments division) has started her own venture firm focused on the crypto market and has raised $1.5 billion.

The capital, the largest ever for a solo female founder-led venture, is split across two funds, with the first $500M tranche set out for backing early-stage startups. The remaining $1B “accelerator” fund will focus on late-stage well-established firms across Web3.

Categories
Business

SWIFT Network Restrictions Could Cripple Russia in the Ukraine War

I came across this information about SWIFT network posted the other day. This could have a very big impact on the Russian and Ukraine war and instead of trying to put it in my own words I thought I would repost it.


Following Russia’s invasion of Ukraine, Western governments have dropped heavy sanctions on Russian banks, companies, and elites—including President Vladimir Putin himself.

But they’ve yet to move forward with what’s been called the “nuclear option”: banning Russia from using SWIFT.

What is SWIFT?

Belgium’s Society for Worldwide Interbank Financial Telecommunications (SWIFT) runs a messaging service that facilitates transactions across 11,000+ financial institutions globally. Think of it as the “Gmail of global banking.”

Entities in every country except North Korea use SWIFT to shuffle trillions of dollars’ worth of funds across borders. And Russia is a SWIFT power user—as a major supplier of energy and other goods, it ranks sixth globally for payment messages sent on SWIFT. So if Russia were cut off from SWIFT, “the nation would essentially be severed from much of the global financial system,” the NYT wrote.

Thing is, not everyone’s prepared for that

While the UK and Ukraine are trying to boot Russia from the global group chat, the US and some EU nations are a little more hesitant. Here’s why:

  1. They’re not ready to go full James Franco in 127 Hours. Their citizens still use Russian energy to keep the lights on, so shutting down Russia’s Gmail account would essentially force financial communications onto a janky platform like 1990s-era AOL, resulting in a colossal headache for everyone involved.
  2. Another worry for the US is how blocking Russia from SWIFT would impact the dominance of the US dollar in the longer term. The US enjoys many benefits from the dollar’s status as the world’s reserve currency, and US officials are concerned that booting Russia from SWIFT would spur Moscow to join up with Beijing and develop alternative payment systems (on the blockchain, for instance) that undermine the dollar.

Of course, workarounds to SWIFT already exist, which is another reason why some sanctions experts say that blocking SWIFT access is an overrated tool for punishing Russia. You could do it, but you might be creating more problems for yourself in the process.

Categories
Cryptocurrency Tech

Phantom Wallet – Beginner’s Guide Video with Walkthrough

Solana is a protocol that is on the rise. Adoption of Solana in terms of developers and DApps have been increasing over the past few years at breakneck speeds – and this leads to more users needing a good wallet solution – step in Phantom.

Phantom is a a crypto wallet focused towards the Solana ecosystem. Here is a great beginners guide to the Phantom wallet – how to signup and how to use the wallet in browser.

Categories
Business Cryptocurrency

OpenSea Launches OpenSea Ventures – Investing in Startups around the NFT Ecosystem

Opensea have just announced their own Venture fund, Opensea Ventures. The fund will seek investments in startups working in domains such as NFTs, DeFi, blockchain, and others. OpenSea co-founder Alex Attalah will lead the venture fund. 

The fund will focus on startups that produce NFTs, create NFT protocols, produce blockchain and metaverse games, and develop NFT analytics. 

This seems like a natural next step to build out an ecosystem fast and potentially tie down some assets for exclusive sale in the Opensea platform.

Categories
Sports Tennis Video

Unruly Fan Ejected from Australian Open Mens Doubles Final

Players at the Australian Open Mens Doubles Final ask for an unruly fan to be ejected from the stadium and on the third time of asking he finally is!

Categories
Business Tech

Apple Will Allow iPhones to Accept Contactless Payments by NFC

Apple is reportedly going to allow iPhones to start accepting contactless payments. This is huge news!

It will dramatically affect any card company and how they collect their fees – as well as companies like Square and other POS services.

Apple has reporting been working on this service since 2020, when it purchased a Canadian startup called Mobeewave. Mobeewave’s technology only needs an app and the phone’s NFC to work.

I expect that Apple will roll out such a service as part of Apple Pay.

Game changer!

Categories
Business Cryptocurrency Tech

China Blockchain Services Network to Launch NFT Minting and Marketplace Service in China

It has been announced that China’s state-backed Blockchain Services Network (BSN) will soft launch infrastructure for NFTs in China.

BSN said the infrastructure, known as BSN-Distributed Digital Certificates (BSN-DDC), would offer “a diverse, transparent, credible and reliable” one-stop-shop for businesses to mint and manage their own NFTs without relying on cryptocurrencies, which are banned in China.

This will be a very interesting experiment from the Chinese Government as the vast majority of NFTs in the world at the moment are based off the Ethereum network.

Categories
Business Cryptocurrency Tech

Does Audius Pay Artists, Musicians and Record Labels for Streams?

No.

Audius has been live for over 3 years now and it is still yet to have a full payment system for artists and record labels.

Audius provide tokens to 5 top artists each week, but that has little to no value for any artist that is going to use their platform with the hopes of reaching more fans and making money from their music.

This feels like it is a completely dead project – even though they have over $1 billion stakes in the platform with a market cap of now less than $500 million.

Categories
Business Cryptocurrency Tech Video

Best Blockchain, Cryptocurrency and NFT Explanation Videos I Have Seen – Well Worth the Watch

This has to be one of the most interesting Blockchain, Cryptocurrency and NFT video I have ever seen. It runs through a huge amount of topics and structures and explains them in a very simple way.

After watching the video – there are some points that stand out as great points and others which are kind of irrelevant.

Even after the first 10 minutes there are points in which the previous financial bubble seems to be the exact same structure as what is occuring with NFTs at present. Interesting.

However, this is REALLY WORTH THE WATCH

Categories
Business Sports Video

On Running – Is This the Sports Version of Allbirds? Already Triple The Size of Allbirds

I came across On Running when Roger Federer invested in the company. I have done a bit of research into the founder and the company in the past and they seem to be driving in the right direction on all fronts.

On Running is listed on the NASDAQ market in the US under the ticker – ONON. The company is already selling over $650 million worth of shoes per year (which is three times larger than Allbirds at approximately $250 million).

This videos provides a good breakdown of the company, its founder and its history.

Im very bullish on On. It has a lot potential and could move into many markets.

Categories
Business Video

Shareholders Need to Behave Like Owners – Warren Buffett

Very interesting question to Warren Buffett – in which he then provides a very interesting (yet simplistic) answer.

Shareholders need to act like owners – and in nearly all cases in America – this is forgotten. People forget that when they buy a stock in a business that they are becoming an owner in that business.